Class8 Social Studies Chapter7 QA
Class 8 NCERT – Exploring Society: India and Beyond CHAPTER 7: Factors of Production 1-Mark Questions Q1. What are factors of production? Ans: Factors of production are resources used to produce goods and services. Q2. Name the four factors of production. Ans: Land, Labour, Capital, and Entrepreneurship. Q3. What does ‘land’ include as a factor of production? Ans: All natural resources like soil, water, forests, and minerals. Q4. What is labour? Ans: Labour refers to human physical and mental effort used in production. Q5. What is capital? Ans: Capital includes man-made goods used for further production. 2-Mark Questions Q1. Explain land as a factor of production. Ans: Land includes all natural resources provided by nature. It is essential for agriculture, mining, and construction. Q2. What is entrepreneurship? Ans: Entrepreneurship is the ability to organize other factors of production. An entrepreneur takes risks and makes decisions. Q3. Write two example...